Common use of Distribution and Service Fees Clause in Contracts

Distribution and Service Fees. In consideration of PSD’s role as the Distributor and Principal Underwriter of the Contracts issued by PACIFIC LIFE, PSD will receive distribution and/or service fees (including but not limited to 12b-1 Plan and Service Plan fees) from an unaffiliated fund or its affiliates that have contracted with PACIFIC LIFE. Regardless of whether PSD is a party to any agreements with such fund or its affiliates, such fees may be paid either directly to PSD, or for the convenience of the parties to any arrangement, may be paid to PACIFIC LIFE on behalf of PSD. Similarly, PACIFIC LIFE may pay distribution and/or service expenses on behalf of PSD and PSD will reimburse PACIFIC LIFE for such expenses that PACIFIC LIFE pays on its behalf up to the amount of related distribution and/or service fees received by PSD. Such reimbursement will be made by PSD to PACIFIC LIFE within 90 days of receipt of distribution and/or service fees. This section does not apply to any portion of fees received by PACIFIC LIFE related to investment advisory services or administrative services provided by PACIFIC LIFE.